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Discount Amortization Os the first day of the thical year, a company is a $8,000,000, 10%, 4 year bond that pays semiannual interest of $400,000

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Discount Amortization Os the first day of the thical year, a company is a $8,000,000, 10%, 4 year bond that pays semiannual interest of $400,000 ($8,000,000 X 10%), receiving cash of $7,746,618 Journalize the first rest payment and the amortization of the related bond discount, Round to the nearest dollar, if an amount box does not require an entry, leave tank Interest Expense Discount on and Payable Cash lll

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